XAUUSD - Long 1937 target

Uppdaterad
Hello Traders!

Symmetrical triangle breakout with target of 1937 .
Fib retracements :
1 ) Price took support at 1915 (.382% ) and heading up to 50% retracement (1926)
2) If price breaks 1926 we can see the price move up to 1937 which is (.618 ) retracement for the impulse move down.

If price reaches 1937 it will complete the formation of bearish flag pattern. ( 1937) is the key area of reversal now.

Trade Safe!
Handel aktiv
The 4h will be closing bullish, we will see how the price reacts at 1837 level. If it breaks to the upside we will take a positions for our next target of 1953 which coincides with the .786 retracement as well as resistance zone / breakout target for the symmetrical triangle.
Handel aktiv
Price may retrace back to the 1934-32 area which is 5/10 ema support as well a minor support zone on 30 mins timeframe. One can buy from the zone if its holds for the upside target of 1953.

snapshot
Trade stängt: målet nått
1950 - if the 4H candle closes below 1937 then it's a sell for target of 1926 as the first support.
FibonacciSupply and DemandWedge

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